New Jersey, AFL-CIO Team on Tech Center

New Jersey, AFL-CIO Team on Tech Center

New Jersey is teaming with the AFL-CIO to further develop the Technology Centre of New Jersey in a partnership designed to create jobs and promote the state's technology industry.

Using a $14.6 million equity loan investment from the AFL-CIO Building Investment Trust Pension Fund, New Jersey will create a 60,000-square-foot, state-of-the-art laboratory and production facility to support emerging technology companies.

The AFL-CIO investment makes the labor organization a majority partner in financing the center, which is under development at a 50-acre site off Route 1 in North Brunswick. It is planned to help develop the bioscience and microelectronics industries.

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